Apm Questions

7.2 Requirements management process {Ans: - Gather - Analyse - Justify - Baseline}2.2 Explain why projects are structured as phases in linear life cycle {Ans: Clearer identification of priorities More effective stakeholder communication More effective risk assessment}3.4: Explain three reasons to manage a group of projects as a programme (30) {Ans: Better management of risks More effective resource management Consistency}3.5 Describe situations where the use of portfolio management may be appropriate {Ans: To ensure the business meets legislation To focus on moving into a new market To structure the organisations investments}6.3: Explain two investment techniques and their purpose (20) {Ans: Net Present Value (NPV) Internal Rate of Return (IRR)}1.4: Differentiate between the role of the project sponsor and project manager in each of these stages: Definition, Deployment, Transition (30) {Ans: Definition: PM - Write PMP PS - Approve PMP Deployment: PM - Provide information for reviews PS - Decision maker at reviews Transition: PM - Confirms UAT testing & prepares manuals and training for BAU ops PS - Provides acceptance of the product on behalf of the org}